Huawei has announced a partnership with Chinese automaker Changan Automobile to establish a new company focused on developing intelligent driving systems and components for smart connected vehicles.
Under the terms of the agreement, Huawei will contribute its core technology and resources from its Intelligent Vehicle Solution business to the new entity. Changan Automobile, in turn, will invest in the joint venture, with an equity stake of up to 40%.
The specific investment details, including the equity ratio, amount, and duration, will be finalized through further discussions between the two parties.
The new company will target a broad range of smart car technologies, encompassing automotive intelligent driving solutions, intelligent car cabins, smart car digital platforms, intelligent vehicle clouds, AR-HUD, and smart car lights. Huawei will provide its expertise and assets in these areas, ensuring the joint venture’s technological prowess.
Industry insiders suggest that this joint venture marks a significant step towards the independence of Huawei’s smart car unit. By establishing a separate entity, Huawei can attract additional investment and expertise from Changan Automobile, fostering a more robust and sustainable business model.
Huawei’s partnership with Changan Automobile is not new. The two companies have collaborated closely in the past, culminating in the launch of the EV brand Avita in November 2023.
Avita’s current lineup includes two models, the Avita 11 and the Avita 12, both equipped with Huawei’s full suite of intelligent vehicle solutions.
The partnership between Changan and Huawei signals a new chapter in the automotive industry, one that is driven by innovation, collaboration, and a shared vision for a smarter, more connected future. As the two companies embark on this transformative journey, we can expect to witness groundbreaking advancements in smart driving technologies.
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(Via)
